Posts Tagged ‘DraftKings’
Maine Sports Betting Tax Trails Casinos By Wide Margin
Maine’s two casinos generated nearly $16 million in gaming revenue during August, up 3.6% from a year earlier. Sports wagering operators processed $49.3 million in bets, more than triple the casinos’ combined revenue total. The casinos owed the state $6.8 million in taxes in August compared with $391,244 from sports wagering. Oxford Casino’s table games…
Read MoreGambling Stocks Tumbling After Post-COVID Highs
DraftKings (DKNG), Caesars (CZR), Penn Entertainment (PENN), Bally’s (BALY), and Gambling.com (GAMB) all saw major spikes between 2020-2021. Since then, many gambling stocks have fallen in the market, with PENN down nearly 75% from its 5-year high. The gambling industry now faces a credibility reset, with cautious sentiment and realistic valuations. LAS VEGAS – Stocks…
Read MoreTravis Kelce TD Props + Vikings Vs Chiefs Betting Preview
The Kansas City Chiefs are 3.5-point favorites on the road against the Minnesota Vikings. Travis Kelce has -152 odds to score a touchdown in Week 5. Kelce’s relationship with Taylor Swift influenced an influx of betting on his props in Week 4. MINNEAPOLIS – The Minnesota Vikings have +160 odds to snap the Kansas City…
Read MorePromotional Spending Pays Early Dividends For NY Sportsbooks
Caesars Sportsbook staked their claim as New York’s mobile sportsbook market leader shortly after launch, largely as a result of unprecedented promotional spending. While this promotional spending allowed Caesars to capture a large sector of market share, a new report indicates that high promotional spending may be a death sentence for the market. ALBANY, N.Y.…
Read MoreBullish Morgan Stanley Memo Boosts DraftKings Stock
Investment firm Morgan Stanley released a memo on DraftKings’ stock on Wednesday, upgrading its standing from “equal weight” to “overweight”. DraftKings is set to see another substantial bump in stock price in 2022, with New York’s mobile sportsbook launch providing a huge boost to DraftKings’ revenue figures, among other factors. BOSTON – After a rough…
Read MoreNY Regulated Mobile Sports Betting Market Live On Saturday
The regulated NY mobile sports betting market will launch on Saturday. Only four of the nine mobile sportsbooks will go live at first. Better Collective has signed partnership deals with three sportsbooks. ALBANY, N.Y. – In an unexpected turn of events, New York is launching a regulated mobile sports market far earlier than expected. New…
Read MoreNY Sports Betting Apps Expected 3 Weeks Before Super Bowl 56
New York’s mobile sports betting is expected to launch the second or third week of January, according to New York State senator Joe Addabbo Jr. Addabbo says that most of the nine licensed sportsbooks will be ready to launch at that time, though some may launch with a slight delay. ALBANY, N.Y. – New York…
Read MoreSeminole Hard Rock Sportsbook App Suspends Operations
The Seminole Tribe has suspended all operations for their Hard Rock Sportsbook app in the state of Florida. The suspension comes after the U.S. District Court ruled that the updated Florida-Seminole Gaming Compact violates the IGRA and is therefore void. TALLAHASSEE, Fla. – After operating for just over a month in the state of Florida,…
Read MoreDraftKings Attempts Expansion Into Nevada, Massachusetts
DraftKings and FanDuel have submitted applications for licenses to operate in Nevada. The DraftKings application was submitted over a year ago, and has yet to be approved. DraftKings formed a partnership with TD Garden and Bruins to operate Daily Fantasy Sports. LAS VEGAS – Popular sports betting companies DraftKings and FanDuel are making moves to…
Read MoreOregon Mobile Sports Betting App Makes $1.2M in September
The Scoreboard app made $1.2 million in revenue in September for Oregon.More bets were placed on the NFL than any other sport among users of the application. DraftKings may replace the Scoreboard app in the future for Oregon sports bettors. SALEM, Ore. – Mobile sports betting revenue did well in September for Oregon, thanks to…
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